Akamai Technologies Reports 11% Rise in Quarterly Revenue

Profit edges lower as company builds its network

Akamai Technologies Inc.’s revenue rose 11% in the third quarter even as the Internet technology company’s profit edged lower as it continues to build its network.

Profit fell 3% to $88 million, or 49 cents a share, while revenue rose to $551 million from $498 million a year earlier. Excluding stock-based compensation and other items, profit was unchanged at 62 cents a share.